Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 33.7% | 44.1% | 39.3% |
| EBITDA margin % | 19.8% | 29.4% | 24.9% |
| EBIT margin % | 18.7% | 28.5% | 24.1% |
| PAT margin % | 37% | 19.6% | 18.2% |
| Working capital | |||
| Receivable days | 115 | 160 | 199 |
| Inventory days | 89 | 97 | 64 |
| Payable days | 47 | 36 | 46 |
| NWC days | 157 | 221 | 218 |
| Leverage | |||
| Current ratio | 1.3 | 1.61 | 4.55 |
| Debt to EBITDA | 0.5 | 0.79 | 0.46 |
| Debt to equity | 0.42 | 0.72 | 0.14 |
| Interest coverage | 10.1 | 9.8 | 14.7 |
| Asset turnover | 1.48 | 1.34 | 0.96 |
| Return ratios | |||
| Return on assets % | 54.9% | 26.2% | 17.5% |
| Return on capital employed % | 70.4% | 115.8% | 46.3% |
| Return on equity % | 156.5% | 60.7% | 22.4% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.